The economy slowed more than expected due to sluggish external demand and delayed budget approval. Expanding private consumption and tourism continued to drive services growth, albeit at a slower pace. Inflation increased due to the removal of energy subsidies and elevated food prices but remained the lowest among emerging markets. The delayed budget approval led to minimal public spending in Q1. However, the recent enactment of the FY24 budget and...
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2024/05/13
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Brief
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190150
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1
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2024/05/13
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Disclosed
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Thailand Monthly Economic Monitor
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World Bank.
Thailand Monthly Economic Monitor (English). Thailand Economic Monitor Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099516305132430670